v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Current Assets    
Cash and cash equivalents $ 13,426 $ 11,086
Accounts receivable (less allowance for credit losses of $146 and $103 at March 31, 2025 and September 30, 2024, respectively) 16,190 21,989
Inventories 20,805 26,867
Income taxes receivable 134 132
Other current assets 3,582 4,302
Total current assets 54,137 64,376
Property, Plant and Equipment - Net 10,439 11,647
Right-of-Use Assets - Net 15,436 16,596
Intangible Assets - Net 1,179 4,004
Goodwill 908 21,261
Deferred Income Taxes - Net 185 185
Other Assets 1,124 884
Total Assets 83,408 118,953
Current Liabilities    
Accounts payable 5,201 5,356
Accrued compensation and related taxes 1,904 2,057
Accrued warranty expense 427 602
Other accrued liabilities 705 477
Current maturities of finance lease liabilities and long-term debt 104 101
Current portion of long-term operating lease liabilities 2,141 2,041
Contract liabilities 6,208 8,965
Total current liabilities 16,690 19,599
Finance Lease Liabilities and Long-Term Debt 135 189
Long-Term Operating Lease Liabilities 14,143 15,240
Income Taxes Payable 1,345 1,510
Other Long-Term Liabilities 60 57
Total Liabilities 32,373 36,595
Commitments and Contingencies (Note 9)
Shareholders’ Equity    
Preferred stock; 100,000,000 shares authorized; none issued
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 14,313,963 and 14,258,879 at March 31, 2025 and September 30, 2024, respectively 143 143
Additional paid-in capital 129,239 128,466
Accumulated other comprehensive loss (1,316) (720)
Retained deficit (77,031) (45,531)
Total Shareholders' Equity 51,035 82,358
Total Liabilities and Shareholders’ Equity $ 83,408 $ 118,953

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